Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
Hyperscale Data, Inc. incurred credit facility of up to $10,000,000 with Ault & Company, Inc. at 9.5% per annum maturing due within five business days after request by A&C.
- Instrument
- credit facility
- Principal
- up to $10,000,000
- Counterparty
- Ault & Company, Inc.
- Rate
- 9.5% per annum
- Maturity
- due within five business days after request by A&C
- Event
- incurrence
Exact text from the filing
The Credit Agreement provides for an unsecured, non-revolving credit facility in an aggregate principal amount of up to $10,000,000. All loans under the Credit Agreement (collectively, the “ Advances ”) are due within five business days after request by A&C and A&C is not obligated to make any further Advances under the Credit Agreement after December 8, 2023. Advances under the Credit Agreement bear interest at the rate of 9.5% per annum and may be repaid at any time without penalty or premium.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
Hyperscale Data, Inc. entered into Credit Agreement with Ault & Company, Inc. valued at $10,000,000 (effective 2023-06-08).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Ault & Company, Inc.
- Value
- $10,000,000
- Effective
- 2023-06-08
Exact text from the filing
On June 8, 2023, Ault Alliance, Inc., a Delaware corporation (the “ Company ”), entered into a Loan Agreement (the “ Credit Agreement ”) with Ault & Company, Inc., a Delaware corporation, as lender (“ A&C ”).
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